Master of Business Administration (Financial Services)

• Grapple Grommet Corporation [with M. Geisterfer and P. Bishop] in Canadian Casesin Financial Management, Second Edition, edited by D. Shaw, J. Humphrey, J. Hatch,L. Wynant, P. Bishop, Prentice-Hall, Scarborough, Canada 1991• Belleview Hotel [with J. Humphrey], Ivey Business School Publications, 1991• Fair Weather Boat [with J. Hatch], Ivey Business School Publications, 1991• Highland Dairies [with D. Shaw], Ivey Business School Publications, 1991• Perreault Brothers [with J. Hatch], Ivey Business School Publications, 1991Research and Projects Currently in Development• “Credit Derivatives as a Leading Indicator”. This study is examining whether or notthe credit derivatives market acts as a leading indicator over the fixed income / bondmarket, and the stock market. Existing evidence indicates that trading in the creditderivative market, in part due to its linkages to the corporate bank loan market, is amore efficient source of information about forthcoming credit changes than either thebond or the equity markets. This study examines a specific test of this hypothesis.• “Credit Derivatives and Strategic Management Issues”. This study follows on thearticle written in 1998 for RISK with C. Cromarty and S. Maglic. The rapid rise ofthe credit derivatives market has created a new set of strategies that banks can nowutilize to manage their credit risks. This study examines the pros and cons of each ofthe different strategic management choices that financial institutions must make uponentering the credit derivative market and how these choices impact the success of thegroup in achieving its strategic goals.• “Strategic Implications of the Credit Derivatives Market”. Following from thepreviously mentioned research, this project looks at the implications of the rise of thecredit derivatives market from a macro-economic perspective. Particularly thisproject examines two main issues; (1) the relation of the credit derivatives market tothe pricing and availability of corporate credit, and (2) whether Canadian financialinstitutions are disadvantaged or not due to a relative lack of liquidity in Canadiancredits in the global credit derivative market. This project is being funded by a grantfrom the Schulich School of Business National Research Program in FinancialServices and Public Policy• “Psychological Factors for Predicting Trading Skill”, in collaboration with Dr. DavidClark of the University of New Brunswick. Utilizing a sample group composed ofnew hires for bank trading desks, this study will test various psychological factors tosee, what if any relationships exist between a person’s psychological make-up andtheir trading skill. A secondary component of this study will examine the differencebetween a person’s perception of risk and resultant risk in a trading context.278